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Premier acquires Richards Bay landmark

09 Sep 2015
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PREMIER Hotel and

Resorts has acquired The

Richards Hotel in Richards

Bay, 90 minutes north of

Durban. The Richards is

the Premier Group’s third

acquisition in KwaZulu

Natal in nine months.

The hotel was formerly

owned by HPF, marketed

by Protea Hotels and

managed by Extra Bold.

Facilities include a finedining

restaurant and

conference space for up to

300 people. Premier plans

to upgrade the property,

including the conference

facilities, which will be

done without disruption to

guests.

“With our recent

acquisitions of Sani

Pass Hotel and Himeville

Arms Hotel this year,

we continue with the

expansion of Premier Hotel

and Resorts’ footprint in

South Africa. Our portfolio

has doubled in only four

years and The Richards

acquisition is just another

step toward our goals,”

says Samuel Nassimov,

md of NV Properties and

Premier Hotels. 

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